In any case, I think it's good that you want to part with the whole DEKA series. I am not known here as an absolute fund/ETF specialist. But even when I was a banker, I can't remember any DEKA funds standing out for their extraordinarily high returns.
•
99
•
2Lun
@Multibagger The problem with deka funds is the high cost of 1.5%.
•
22
•@Snopy I actually have no idea about the current fee structure because it doesn't interest me in the slightest. But high costs have always been a problem. There used to be front-end loads of up to 5%.
•
11
•@Multibagger They still exist today 😅 Deka funds are usually in the range of approx. 1.5 - 2% management fee p.a., plus 5% front-end load (via house bank).
•
11
•
2Lun
Every day that you continue to hold these DEKA funds instead of shifting the volume into one of the perfectly reputable investments (e.g. $CSPX or $VWCE), you lose a good part of the achievable return, and thus effectively money.
Instead, you are supporting an antiquated system of commission-based financial advice with absurdly high implicit product costs, which only exists in this form in Germany because it still has the aura of supposed security due to the population's lack of financial education.
Emancipate yourself from this myth and start making your assets work for you instead of DEKA and its 'advisors'!
Instead, you are supporting an antiquated system of commission-based financial advice with absurdly high implicit product costs, which only exists in this form in Germany because it still has the aura of supposed security due to the population's lack of financial education.
Emancipate yourself from this myth and start making your assets work for you instead of DEKA and its 'advisors'!
•
33
•
@Multibagger You can't devalue all DEKA funds across the board. There are enough underperformers, but some of them still performed well in comparison. I agree that the two funds in question can be removed. The questioner should benchmark the larger positions. I can say less about the costs, I am aware that DEKA has its price
•
11
•@Multibagger Thank you for your feedback. Tomorrow morning I will at least divest myself of the two Deka funds mentioned.
••